Tesco PLC (OTCMKTS:TSCDY) Sees Significant Increase in Short Interest

Tesco PLC (OTCMKTS:TSCDY) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 79,800 shares, a growth of 50.3% from the January 31st total of 53,100 shares. Based on an average daily trading volume, of 397,400 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada started coverage on Tesco in a research note on Tuesday, November 19th. They set a “sector perform” rating for the company.

Tesco Price Performance

Shares of TSCDY opened at $15.08 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.81 and a debt-to-equity ratio of 0.48. Tesco has a 1-year low of $10.54 and a 1-year high of $15.16. The firm’s 50 day simple moving average is $14.10 and its 200 day simple moving average is $14.05.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.